Cancellation definition
Examples of Cancellation in a sentence
Cancellation Fees and the amounts payable pursuant to Clause 6.2.7 shall be payable following ▇▇▇▇▇’s efforts to mitigate subject to Clause 6.2.5, but in any event no later than [***] following the applicable written notice of cancellation.
If Lonza is successful in securing such a replacement batch, the applicable Cancellation Fee for the cancelled Batch may be reduced accordingly by an amount equal to [***] but in no event shall such reduction exceed the Price of the cancelled Batch.
Any prepayment pursuant to Clause 23.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.4 (Voluntary prepayment of Loan).
Upon completion of the liquidation and winding up of the Company in accordance with Section 16 hereof, the Members shall promptly cause to be executed and filed a Certificate of Cancellation in accordance with the Act and the laws of any other jurisdictions in which the Members deem such filing necessary or advisable to thereby terminate the Company.
Any prepayment pursuant to Clause 23.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation), and each such prepayment shall reduce the Repayment Instalments and the Balloon Instalment falling after such prepayment on a pro rata basis by the amount prepaid.